Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Strong Trading Volume – Still a Buy?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) saw an uptick in trading volume on Friday . 144,515 shares were traded during trading, a decline of 6% from the previous session’s volume of 153,705 shares.The stock last traded at $2.05 and had previously closed at $1.9544.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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Usinas Siderurgicas de Minas Gerais Stock Up 1.5%

The company’s fifty day simple moving average is $1.52 and its 200-day simple moving average is $1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.67. The firm has a market capitalization of $1.14 billion, a PE ratio of -5.32 and a beta of 1.32.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $6.63 billion. On average, analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS for the current year.

About Usinas Siderurgicas de Minas Gerais

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Usinas Siderúrgicas de Minas Gerais SA (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.

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